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In 2009, the President decided to extend emergency loans to GM and Chrysler—preventing the collapse of a major American industry:
The Rescue
-More than 1.1 million jobs saved in 2009, more than 310,000 jobs saved in 2010, and nearly $97 billion in personal income losses prevented
-More than 200,000 jobs added since June 2009—the most growth in a decade
-Industry expects to add 167,000 jobs by 2015 |